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19 Apr 2017, 10:00 am
If you are going to finish paying off a debt, check with your creditor beforehand to ensure you will not be charged early payment fees. [read post]
19 Apr 2017, 8:50 am
With some exemptions, creditors can claim part or all of a variety of assets and properties. [read post]
18 Apr 2017, 7:00 am
Priority – Convertible notes are usually unsecured, and noteholders generally have the same priority as all other unsecured creditors, but greater priority than a company’s senior equity holders. [read post]
17 Apr 2017, 12:05 pm
§47-3-311, if the creditor repays the amount paid by the debtor within 90 days, the creditor can avoid an accord and satisfaction. [read post]
17 Apr 2017, 12:05 pm
§47-3-311, if the creditor repays the amount paid by the debtor within 90 days, the creditor can avoid an accord and satisfaction. [read post]
17 Apr 2017, 10:00 am
Unlike most creditors, the IRS can seize your wages without obtaining a judgment. [read post]
11th Cir. Holds Failure to File Proof of Claim in Receivership Does Not Extinguish Security Interest
17 Apr 2017, 8:42 am
Court of Appeals for the Eleventh Circuit recently held that a court cannot extinguish a secured creditor’s state-law security interests for failure to file a proof of claim during the administration of an equity receivership over entities involved in a Ponzi scheme. [read post]
17 Apr 2017, 7:41 am
The creditor schedules control who gets notice of your case and notice of the automatic stay. [read post]
16 Apr 2017, 6:00 am
” He expected that the new government would do justice to the public creditors on the war debts, and “retrieve the National character. [read post]
15 Apr 2017, 7:10 am
Undoubtedly, creditors and other stakeholders will push back on their analysis, and no doubt disputes will arise as to how such surplus should be allocated among the island’s various creditor groups. [read post]
15 Apr 2017, 4:00 am
In this video, Tracy talks about a case in which she was retained by a creditor to examine the finances of the debtor. [read post]
14 Apr 2017, 9:53 am
The creditor may sue each person for the entire debt, or any portion of the debt. [read post]
14 Apr 2017, 8:29 am
If it is applied to section 547, it will become professional malpractice in a large case for a creditor’s lawyer to fail to evade the preference rules. [read post]
14 Apr 2017, 6:59 am
You may catch creditors or assets that were somehow omitted from the schedules. [read post]
14 Apr 2017, 6:07 am
The ability to nonetheless cram down a plan over the votes of that creditor class, based on acceptance of the joint plan by other issuers’ creditors, would provide the Commonwealth with tremendous leverage. [read post]
13 Apr 2017, 4:00 pm
Given the Act’s added protection for creditors’ rights, these passages come at no surprise; however, what makes Michigan and Utah’s passages concerning is that... [read post]
13 Apr 2017, 2:21 pm
For Pennsylvania state proceedings, assets held in a PA ABLE account are protected from creditors’ claims. [read post]
13 Apr 2017, 2:05 pm
Everett’s attempt to leave the proceeds from the sale to Janice failed since creditors have the superior right to be paid before beneficiaries. [read post]
13 Apr 2017, 8:08 am
The judgment creditor then has a choice. [read post]
13 Apr 2017, 5:55 am
The first, Title VI of PROMESA, is a largely out-of-court process that focuses exclusively on financial debt and relies on a collective action mechanism to bind dissenting creditors to the agreement of the debtor and a supermajority of its creditors to restructure its debt. [read post]
